Summit Midstream (SMC) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Summit Midstream Corporation  (NYSE: SMC)
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities

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Description of Summit Midstream's Business Segments


As of December 31, 2025, the company's reportable segments are organized based on the primary commodity influencing customer drilling and completion decisions. The oil price-driven segments include Rockies, which consists of midstream assets in the Williston Basin and the DJ Basin, and Permian, which includes an equity method investment in Double E. The natural gas price-driven segments include Mid-Con, covering midstream assets in the Barnett Shale and the Arkoma Basin, and Piceance, comprising midstream assets in the Piceance Basin. The company generates revenue through gathering, compression, treating, and processing services under primarily long-term, fee-based agreements with major producers, as well as transportation services via the Double E Pipeline in the Permian Basin. These fee-based agreements help stabilize cash flows by limiting direct commodity price exposure. Most gathering and processing agreements include Areas of Mutual Interest (AMIs), some extending through 2040, which generally require production within these areas to be gathered or processed by the company's assets.


Composition of Summit Midstream Corporation Revenues by Segments

 
Natural Gas, Gathering, Transportation, Marketing and Processing    78.88 % of total Revenue
Oil and Condensate    101.78 % of total Revenue
Product and Service, Other    9.11 % of total Revenue
Rockies    119.98 % of total Revenue
Mid-Con Other revenues Reportable Segments    1.22 % of total Revenue
Mid-Con Barnett Shale    49.41 % of total Revenue
Piceance Basin    19.14 % of total Revenue
Gathering services and related fees    78.88 % of total Revenue
Natural Gas N G L and Condensate Sales    101.78 % of total Revenue

Q2 three months ended (Jun 30 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Natural Gas, Gathering, Transportation, Marketing and Processing 122.27 78.88 %
Oil and Condensate 157.77 101.78 %
Product and Service, Other 14.12 9.11 %
Rockies 185.99 119.98 %
Mid-Con Other revenues Reportable Segments 1.89 1.22 %
Mid-Con Barnett Shale 76.60 49.41 %
Piceance Basin 29.67 19.14 %
Gathering services and related fees 122.27 78.88 %
Natural Gas N G L and Condensate Sales 157.77 101.78 %
Total 155.01 100 %




Q2 three months ended (Jun 30 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Natural Gas, Gathering, Transportation, Marketing and Processing - -
Oil and Condensate - -
Product and Service, Other - -
Rockies - -
Mid-Con Other revenues Reportable Segments -15.41 % -15.07 %
Mid-Con Barnett Shale - -
Piceance Basin - -
Gathering services and related fees 90.51 % 105.25 %
Natural Gas N G L and Condensate Sales - -
Total 10.55 % 11.41 %




Q2 three months ended (Jun 30 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 4.57 2.94 %




Q2 three months ended (Jun 30 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total - -




Annual Report on Summit Midstream Corporation Divisions, Sales by Country

 
Mid-Con Other revenues Reportable Segments   Mid-Con Other revenues Reportable Segments Segment contribution to total sales 1.63 % of total Revenue
Gathering services and related fees   Gathering services and related fees Segment contribution to total sales 45.49 % of total Revenue
Natural gas NGLs and condensate sales   Natural gas NGLs and condensate sales Segment contribution to total sales 47.16 % of total Revenue
Other revenues   Other revenues Segment contribution to total sales 7.36 % of total Revenue
Reportable Segments   Reportable Segments Segment contribution to total sales 100 % of total Revenue
Reportable Rockies   Reportable Rockies Segment contribution to total sales 58.59 % of total Revenue
Reportable Permian   Reportable Permian Segment contribution to total sales 0.65 % of total Revenue
Reportable Mid-Con   Reportable Mid-Con Segment contribution to total sales 28.33 % of total Revenue
Reportable Piceance   Reportable Piceance Segment contribution to total sales 12.43 % of total Revenue
Reportable Gathering services and related fees   Reportable Gathering services and related fees Segment contribution to total sales 45.49 % of total Revenue
Reportable Gathering services and related fees Rockies   Reportable Gathering services and related fees Rockies Segment contribution to total sales 11.17 % of total Revenue
Reportable Gathering services and related fees Mid-Con   Reportable Gathering services and related fees Mid-Con Segment contribution to total sales 23.4 % of total Revenue
Reportable Gathering services and related fees Piceance   Reportable Gathering services and related fees Piceance Segment contribution to total sales 10.92 % of total Revenue
Reportable Natural gas NGLs and condensate sales   Reportable Natural gas NGLs and condensate sales Segment contribution to total sales 47.16 % of total Revenue
Reportable Natural gas NGLs and condensate sales Rockies   Reportable Natural gas NGLs and condensate sales Rockies Segment contribution to total sales 43.49 % of total Revenue
Reportable Natural gas NGLs and condensate sales Mid-Con   Reportable Natural gas NGLs and condensate sales Mid-Con Segment contribution to total sales 3.3 % of total Revenue
Reportable Natural gas NGLs and condensate sales Piceance   Reportable Natural gas NGLs and condensate sales Piceance Segment contribution to total sales 0.36 % of total Revenue
Reportable Other revenues   Reportable Other revenues Segment contribution to total sales 7.36 % of total Revenue
Reportable Other revenues Rockies   Reportable Other revenues Rockies Segment contribution to total sales 3.93 % of total Revenue
Reportable Other revenues Permian   Reportable Other revenues Permian Segment contribution to total sales 0.65 % of total Revenue
Reportable Other revenues Mid-Con   Reportable Other revenues Mid-Con Segment contribution to total sales 1.63 % of total Revenue
Reportable Other revenues Piceance   Reportable Other revenues Piceance Segment contribution to total sales 1.15 % of total Revenue
Rockies Reportable Segments   Rockies Reportable Segments Segment contribution to total sales 58.59 % of total Revenue
Rockies Gathering services and related fees Reportable Segments   Rockies Gathering services and related fees Reportable Segments Segment contribution to total sales 11.17 % of total Revenue
Rockies Natural gas NGLs and condensate sales Reportable Segments   Rockies Natural gas NGLs and condensate sales Reportable Segments Segment contribution to total sales 43.49 % of total Revenue
Rockies Other revenues Reportable Segments   Rockies Other revenues Reportable Segments Segment contribution to total sales 3.93 % of total Revenue
Permian Reportable Segments   Permian Reportable Segments Segment contribution to total sales 0.65 % of total Revenue
Permian Other revenues Reportable Segments   Permian Other revenues Reportable Segments Segment contribution to total sales 0.65 % of total Revenue
Piceance Reportable Segments   Piceance Reportable Segments Segment contribution to total sales 12.43 % of total Revenue
Piceance Gathering services and related fees Reportable Segments   Piceance Gathering services and related fees Reportable Segments Segment contribution to total sales 10.92 % of total Revenue
Piceance Natural gas NGLs and condensate sales Reportable Segments   Piceance Natural gas NGLs and condensate sales Reportable Segments Segment contribution to total sales 0.36 % of total Revenue
Piceance Other revenues Reportable Segments   Piceance Other revenues Reportable Segments Segment contribution to total sales 1.15 % of total Revenue
Mid-Con Reportable Segments   Mid-Con Reportable Segments Segment contribution to total sales 28.33 % of total Revenue
Mid-Con Gathering services and related fees Reportable Segments   Mid-Con Gathering services and related fees Reportable Segments Segment contribution to total sales 23.4 % of total Revenue
Mid-Con Natural gas NGLs and condensate sales Reportable Segments   Mid-Con Natural gas NGLs and condensate sales Reportable Segments Segment contribution to total sales 3.3 % of total Revenue


Twelve months ended 2025
SMC s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Mid-Con Other revenues Reportable Segments 9.14 1.63 %
Gathering services and related fees 255.68 45.49 %
Total 562.09 100 %
Natural gas NGLs and condensate sales 265.06 47.16 %
Other revenues 41.36 7.36 %
Reportable Segments 562.09 100 %
Reportable Rockies 329.35 58.59 %
Reportable Permian 3.64 0.65 %
Reportable Mid-Con 159.23 28.33 %
Reportable Piceance 69.87 12.43 %
Reportable Gathering services and related fees 255.68 45.49 %
Reportable Gathering services and related fees Rockies 62.76 11.17 %
Reportable Gathering services and related fees Mid-Con 131.54 23.4 %
Reportable Gathering services and related fees Piceance 61.38 10.92 %
Reportable Natural gas NGLs and condensate sales 265.06 47.16 %
Reportable Natural gas NGLs and condensate sales Rockies 244.48 43.49 %
Reportable Natural gas NGLs and condensate sales Mid-Con 18.55 3.3 %
Reportable Natural gas NGLs and condensate sales Piceance 2.03 0.36 %
Reportable Other revenues 41.36 7.36 %
Reportable Other revenues Rockies 22.11 3.93 %
Reportable Other revenues Permian 3.64 0.65 %
Reportable Other revenues Mid-Con 9.14 1.63 %
Reportable Other revenues Piceance 6.46 1.15 %
Rockies Reportable Segments 329.35 58.59 %
Rockies Gathering services and related fees Reportable Segments 62.76 11.17 %
Rockies Natural gas NGLs and condensate sales Reportable Segments 244.48 43.49 %
Rockies Other revenues Reportable Segments 22.11 3.93 %
Permian Reportable Segments 3.64 0.65 %
Permian Other revenues Reportable Segments 3.64 0.65 %
Piceance Reportable Segments 69.87 12.43 %
Piceance Gathering services and related fees Reportable Segments 61.38 10.92 %
Piceance Natural gas NGLs and condensate sales Reportable Segments 2.03 0.36 %
Piceance Other revenues Reportable Segments 6.46 1.15 %
Mid-Con Reportable Segments 159.23 28.33 %
Mid-Con Gathering services and related fees Reportable Segments 131.54 23.4 %
Mid-Con Natural gas NGLs and condensate sales Reportable Segments 18.55 3.3 %


Twelve months ended 2025
SMC s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total -1.91 -

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Mid-Con Other revenues Reportable Segments -3.94 % -
Gathering services and related fees 27.3 % -
Total 30.83 % -
Natural gas NGLs and condensate sales 35.91 % -
Other revenues 22.54 % -
Reportable Segments 31.06 % -
Reportable Rockies 22.66 % -
Reportable Permian 0 % -
Reportable Mid-Con 179.89 % -
Reportable Piceance -13.74 % -
Reportable Gathering services and related fees 27.3 % -
Reportable Gathering services and related fees Rockies -0.73 % -
Reportable Gathering services and related fees Mid-Con 188.09 % -
Reportable Gathering services and related fees Piceance -16.05 % -
Reportable Natural gas NGLs and condensate sales 35.91 % -
Reportable Natural gas NGLs and condensate sales Rockies 28.31 % -
Reportable Natural gas NGLs and condensate sales Mid-Con 980.61 % -
Reportable Natural gas NGLs and condensate sales Piceance -26.95 % -
Reportable Other revenues 25.23 % -
Reportable Other revenues Rockies 49.85 % -
Reportable Other revenues Permian 0 % -
Reportable Other revenues Mid-Con -3.94 % -
Reportable Other revenues Piceance 26.46 % -
Rockies Reportable Segments 22.66 % -
Rockies Gathering services and related fees Reportable Segments -0.73 % -
Rockies Natural gas NGLs and condensate sales Reportable Segments 28.31 % -
Rockies Other revenues Reportable Segments 49.85 % -
Permian Reportable Segments 0 % -
Permian Other revenues Reportable Segments 0 % -
Piceance Reportable Segments -13.74 % -
Piceance Gathering services and related fees Reportable Segments -16.05 % -
Piceance Natural gas NGLs and condensate sales Reportable Segments -26.95 % -
Piceance Other revenues Reportable Segments 26.46 % -
Mid-Con Reportable Segments 179.89 % -
Mid-Con Gathering services and related fees Reportable Segments 188.09 % -
Mid-Con Natural gas NGLs and condensate sales Reportable Segments 980.61 % -
Corporate and other - -
Other revenues Corporate and other - -
Reportable Northeast - -
Reportable Gathering services and related fees Northeast - -
Northeast Reportable Segments - -
Northeast Gathering services and related fees Reportable Segments - -



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